Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Feb 2018 My Price 2.00

Goshen Hospital

Goshen Hospital paid an account payable of $4,500 during December 20X1. In the transaction entry, however, the debit was made to supplies expense. The error was not discovered until after the financial statements for 20X1 were prepared. What effect would this error have on total assets, total liabilities, and hospital net assets, as reported in the hospital’s December 31, 20X1, balance sheet?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Feb 2018 10:02 PM My Price 2.00

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